Full Year 2023 Tokio Marine Holdings Inc Earnings Call Transcript
Good evening, everyone. My name is Komiya. I'm the group CEO. I thank you so much for attending this meeting tonight despite your busy schedule. I also wanted to thank you for extending your understanding and support to Tokio Marine always. In starting this meeting, I would like to explain to you the financial results we are announcing today as well as messages from the management.
Please turn to Page 3 of the material. There are mainly 3 points I would like to convey to you today. The first is on financial results of fiscal '22. Actual basis adjusted net income was JPY 444 billion, which reflects some impact from COVID loss and natural catastrophes. Excluding such one-off effects, normalized basis profit was JPY 617.1 billion.
Most recently, we said in February that full year normalized basis profit is expected to be JPY 580 billion, but it came out to be JPY 36.1 billion more than that. This is based on lower penetration of integrated group management, which
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